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March 2014 Vol. 5 Issue 8
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Dear Friends,
We recently completed a transaction in Fontana, California, to lease 24,000 square feet of warehouse space for our local client, Duro Dyne Corporation. Since we are known for our Long Island commercial real estate prowess, this often seems to provoke a little head scratching among people who know us. But our mission is to be the real estate department of our clients. As a real estate department, we can hardly throw up our hands and say, "It can't be done."
My partner, John Hoblin, and I, have completed deals and assignments in many states including Texas, Florida, Maryland, New Jersey, North Carolina, Connecticut and Massachusetts. Sometimes we are able to complete the assignment on our own and sometimes we enlist the aid of local experts. And through our SIOR network, we have access to the top 4% of brokers throughout the country and the world! One way or another, we will get the job done.
On another note, some warmer weather seems to be finally penetrating to our area! If you are contemplating construction or repairs this year, please give us a call. We can provide you with a budget quotation giving you information you need to determine feasibility, or if you already have plans, we'll be happy to provide you with another bid.
Recently, you may have seen some publicity that I have been elected to the Executive Board of the Suffolk County Council, Boy Scouts of America. I am really looking forward to contributing to this board and adding this additional layer of volunteer work for an organization that provides so much for our youth. And if there is a young man in your life who is a Scout and striving for the top rank of Eagle Scout, please send him to my blog, EagleCoach.org. There are lots of tips and suggestions on how to reach that lofty rank.
"Oh the possibilities!"
David G. Hunt
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Forget the Price! by David G. Hunt
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Q: We are just starting to look for new office space. Why does our broker insist on showing us space that is out of our budget?
A: Unless your broker is offering you space wildly out of budget, he is absolutely correct to be ignoring the asking price in showing you new office alternatives. Here are the five reasons that this is the right strategy and why you should "forget the price" on your initial forays.
What looks like a bargain
may not be,
after all the hidden
charges.
1. Every listing has a story. Each property has a history, and an owner with a set of priorities, needs and emotions. Without discovery and negotiations, it is very difficult to know at the outset the exact point at which a deal can be consummated. In some cases the broker may have some intimate knowledge of the situation, perhaps from a previous negotiation. However, since most commercial brokerage agencies on Long Island have access to literally thousands of commercial properties, it is simply impossible for your broker to have bottom-line knowledge on each one. ... more
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Hunt Commercial Real Estate
and Construction
is exhibiting in a booth at
The Long Island Commercial Real Estate Expo
Tuesday, March 18, 2014
10:00am - 4:00pm
Please stop by and say "Hello."
click here for more information
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Hunt Construction Services ...
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Commercial Parking Lots Have Suffered!
pot holes, cracks and lots of damage.
Repairs left unattended to,
can cause liability issues.
It never hurts to get another bid.
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20,235 Square Feet of
Office Space
Available for lease, Will Divide!
 | | 99 Seaview Blvd. Port Washington, New York |
This 160,000 square foot, three story office/industrial building sits on 8.93 acres, located 2.8 miles to Northern State Parkway and Long Island Expressway.
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Financing File
| Current Market Rates and Programs for the Long Island Commercial Marketplace
The SBA 504 loan program offers long term (10 or 20 years) fixed rate subordinate mortgage financing for the purchase and renovations of existing buildings or new buildings and equipment. Loans are up to 40% of the project cost..... (MORE) |
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Our Corporate Headquarters
17 Dupont Street, Suite 4
Plainview, NY 11803
516-937-1000
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COMPARABLE SALES IN THE LAST 12 MONTHS
| City | Address | Property Type | Size SF | Office SF | Acres Total | Sold Price/SF | Sold Date |
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| Bay Shore | 59 Spence Street | Industrial | 104,591 | 9,480 | 5.3 | $52.59 |
3/13/2014
| | Plainview | 155 Terminal Drive
| Industrial | 13,000 |
| 2 | $142.31 |
1/28/2014
| | Plainview |
101 Sunnyside Boulevard
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Office
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14,000
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1.87
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$231.34
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1/27/2014
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Hauppauge
| 145 Oser Avenue
| Industrial
| 70,000
| 20,760
| 5.4 | $75.00
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1/22/2014
| Bohemia
| 100 Orville Drive | Industrial
| 255,000 | 10,000 | 11.5 | $50.98
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1/8/2014
| | Commack | 58 Vanderbilt Motor Parkway | Office/Investment | 30,000 |
| 3.50 | $126.67 |
1/8/2014
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For more Recent Sales, click here |
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©Copyright 2010, All Rights Reserved. The content of this web site may not be reproduced without the written permission of HUNT Corporate Services, Inc. All information is from sources deemed reliable and is subject to prior rental or sale, errors, omissions, change of price and withdrawal without notice.
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